Yes it is geared towards those that pay taxes. If you pay taxes you get a tax break, The more taxes you pay, the bigger break you can get. Some 4 million more familes will have their tax liabilities removed.Originally posted by: flavio
So the wealthy who don't need the money are more likely to spend it then the poor/middle class who are forced to put purchases they need/want on hold because they can't afford them.Originally posted by: Dari
Bush's tax cut was geared towards those that pay the most taxes. lower their burden, and they're most likely to recycle it back into the economy. makes sense to me.
Seems likely to me that the rich might just add their tax cut to their savings and the poor are much more likely to spend it right away on the things they've been putting off.